ON > Waterloo
Waterloo, ON N2J 2L3,59 Regina ST N
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Waterloo, ON N2J 2L3,59 Regina ST N
Waterloo, ON N2J 2L3,59 Regina ST N
Waterloo, ON N2J 2L3,59 Regina ST N
Waterloo, ON N2J 2L3,59 Regina ST N
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Ishwar Garg

Ishwar Garg

+1(416) 705-4505
$ 1,695,000
Est. payment /mo
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Active

59 Regina ST N Waterloo, ON N2J 2L3

4,040 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Store W Apt/Office

Listing Status Active

Purchase Type For Sale

Square Footage 4,040 sqft

Price per Sqft $419

MLS Listing ID X12049781

Building Age 100+

Annual Tax Amount $14,269

Tax Year 2024

Property Sub-Type Store W Apt/Office

Property Description

Zoned U1-40(12 storeys) ~~~ This 3-unit mixed-use property has a lot to offer the pure investor or owner occupier! With over 1480 square feet of main-floor commercial space, the zoning permits financial institution, medical office, personal services, restaurant and cafe, retail store, tech office, vet clinic, art studio, business incubator, and so much more! With corner-lot exposure, 10 parking spaces, and a location in the heart of Uptown Waterloo, the stage is set for a new business to operate where this Seller's business thrived for over 35 years. Find 3-bedroom and 1-bedroom apartments on the upper floors, each with separate hydro meters, which can help to make this a great investment. Forecasted modest rents and actual expenses show a net operating income of $64,880 making this a favourable investment in the short-term while holding and planning for highest-and-best-use. Just a few blocks from WLU, UW, Conestoga College, Light-Rail Transit, and Waterloo Park, this presents a great opportunity for attracting residential tenants and commercial clients in a neighbourhood that is enjoyable to be in. Projected revenue of $88k and NOI of $64k. Explore the possibilities for a great investment, today!

Location

State ON

County Waterloo

Area Waterloo

Zoning U1-40

Interior

Cooling Yes

Exterior

Community Features Public Transit

Utilities Available Yes

Lot Frontage 65.9

Lot Depth 131.0

Others

Security Features No

Listed by Victoria Park Real Estate Ltd.
agent

Ishwar Garg

Agent

+1(416) 705-4505

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59 Regina ST N